With numerous questions swirling around President Trump's handling of foreign policy, from North Korea to Russia and beyond, America's top diplomat goes before a Senate panel to face scrutiny and demands that he explain the administration's actions. Secretary of State Michael R. Pompeo is scheduled... [Read More]

After reporting second-quarter earnings, both GM and FCA stock took losses in the markets. The CFOs of both automakers addressed higher steel costs due to Trump's tariffs. GM and FCA cut full-year profit guidance. Outgoing General Motors CFO Chuck Stevens has been with company for four decades, but I'm not sure he's ever used the word "headwinds" as often as he did on a conference call following the carmaker's second-quarter earnings on Wednesday. GM posted a bottom-line beat of analysts' expectations and raked in about $36 billion on the top line. But the company was... [Read More]

Qualcomm's CFO said that the next release of iPhones will use modems from its competitor, not Qualcomm modems. Qualcomm and Apple are embroiled in a bitter legal fight over intellectual property licensing. It's likely a big win for Intel, which only started selling modems to Apple in 2016. Qualcomm's CFO, George Davis, just seemingly confirmed a major detail about this year's iPhones during an earnings conference call on Wednesday. The iPhones coming out this fall are not going to use Qualcomm modems — leaving only one real company that could provide the chip... [Read More]

President Trump and European Union Commission President Jean-Claude Juncker said Tuesday that they have agreed to work toward removing all trade barriers between the two sides. In a Rose Garden announcement, Trump said the E.U. had also agreed to buy U.S. soybeans, a day after he announced a $12 billion bailout package for farmers hit by retaliatory tariffs. Trump said the E.U. will also become a "massive buyer" of U.S. liquefied natural gas. Trump and Juncker appeared after a White House meeting, with both sides saying progress was made toward resolving some of the trade issues that... [Read More]